Kearney, NE

3990 Imperial Avenue

Industrial Building

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For Sale or Exchange

Property Consists:   23,666 sq ft Industrial Building located on approximately 2 acres at 3990 Imperial Avenue, Kearney, Nebraska.  Property formerly was used for grain storage and now is used is for warehousing of inventory and equipment.

Location: Building is near Kearney, Nebraska which is south of Interstate 80 near the geographic center of the U.S.  Kearneyhas a population of 30,000 and economically is a very strong community with economic assets of prime agriculture, University of Nebraska at Kearney (7100 students), Good Samaritan Regional Health Center (130 doctors), solid industrial and business jobs, banking, tourism (I-80) and is a retail center for the area.  Even with the national economicproblems Kearney has low unemployment and continued business and jobs growth.

Access: Property is east of Kearney via U.S. Hwy 30 approximately 1 ½ miles east from Kearney Airport entrance then south across the railroad to property access road.

Railroad Lease:  Property is located on a Union Pacificrailroad land lease that has an annual cost of $3,094.36 escalating annually at
3%.  Leases are typical for the UnionPacific and are annually renewable automatically by the railroad.

Current Tenant:   Property has been leased since February 1,2007 to Midlands Molding Inc. whose main location is 2905 East 39^th
St., Kearney, Nebraska for $2400 per month. The current lease has been allowed to go month to month.

Real Estate Taxes:  The owner pays all taxes which for 2011 are$1502.84.

AskingPrice: $240,000 or $10.14 per sq ft.

Terms: Cash, contract or acceptable exchange. Seller is willing to provide seller financing at competitive rates.